Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 1 of the last 4 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 23 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
FUEL CELL GROUP from Turnhout, company number BE0477446371, closed financial year 2025 with a result of € -89,857 after tax. For that financial year FUEL CELL GROUP recorded a gross margin of € -34,545 and equity of € -4,622. Compared with financial year 2024, the result moved from € 25,525 to € -89,857. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on March 13, 2026.
€ -4,622
▼ € 89,857 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -89,857
▼ still € 25,525 profit in 2024
Profit after tax over the fiscal year.
€ 27,097
▼ 63% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -4,622.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 38,155 | € 60,525 | € 63,158 | € -34,545 | ▼ € 97,703 |
| Profit after taxes | € 28,917 | € 44,422 | € 25,525 | € -89,857 | ▼ € 115,382 |
| Equity | € 15,289 | € 59,710 | € 85,235 | € -4,622 | ▼ € 89,857 |
| Total debts | € 25,884 | € 6,587 | € 152,038 | € 136,281 | ▼ 10% |
| Cash | € 11,733 | € 56,931 | € 72,953 | € 27,097 | ▼ 63% |
| Land & buildings | € 6,744 | € 5,692 | € 148,857 | € 100,869 | ▼ 32% |
| Retained profit | € 15,289 | € 59,710 | € 85,235 | € -4,622 | ▼ € 89,857 |
| Balance sheet total | € 41,173 | € 66,297 | € 237,273 | € 131,659 | ▼ 45% |
Key figures of FUEL CELL GROUP, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 April 2027.
What happened to FUEL CELL GROUP?
What happened at FUEL CELL GROUP in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 89,857 (▼ € 115,382 vs 2024). Source: NBB ↗
- New establishment in Turnhout. KBO
- Start of the company according to the CBE. KBO
- ALEKSANDR YUZEFOVSKY became a director. NBB
In short
From € 28,917 profit in 2022 to € 89,857 loss in 2025.
Paid € 40,918 in corporate taxes since 2022.
Best year ever: 2023, with € 44,422 profit.
Management
Behind FUEL CELL GROUP is ALEKSANDR YUZEFOVSKY.
Directors
According to the 2025 annual accounts
ALEKSANDR YUZEFOVSKY
Director
since 2002
Establishments
Establishment units
Physical locations of this company
Nieuwe Kaai 25 box 5
2300 Turnhout
Nieuwe Kaai 25 box 7
2300 Turnhout
Active since 26 February 2003
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0477.446.371
- VAT number
- BE 0477.446.371
- Registered office
- Nieuwe Kaai 25 bus 5, 2300 Turnhout
- Names & denominations
- FUEL CELL GROUP
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 30 April 2002
- Peppol
- Active · Active since 18 Nov 2025
- Activities · NACE
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